Down Payment Assistance Program a Success
Blog News | Posted: 06.22.11
The Greenville Housing Fund has been serving Greenville’s low income citizens through the Down Payment Assistance program since 2008. This program works to provide Greenville County’s workforce with desirable, safe, and affordable homes. Continuing to place families in homes all over Greenville County, this program has proven to be a success. GHF with the help of its community partners has successfully placed 175 families in homes through GHF’s Homebuyer Assistance program.
Though 2010 was yet another difficult year for the economy, GHF was able to assist 50 families in purchasing homes. These purchases have generated over $5.2 million in home sales that help to revitalize the local economy. In addition to stimulating the economy, this program also benefits the families. The children in these homes enjoy the benefits of stable housing such as higher performance in school and a higher likelihood of earning a college degree.
Thanks to the funding support of the Greenville County Redevelopment Authority and the United Way of Greenville County, GHF is able to take part in building a strong and stable community, reiterating the importance of homeownership and financial education for increasing wealth and gaining financial stability.
“It is still hard to believe I really have a house now. I didn’t think I could actually get one at such a bad time in the economy. Getting a home was very important so I worked on my credit and researched to get a good mortgage. The homebuyer education class was very helpful. My realtor mentioned the down payment assistance program and it made getting the house a lot easier. I feel good my kids are living in a nice and safe neighborhood. They love it! Paying a mortgage is a discipline, but it sure beats paying rent!” - GHF client
“We have only been in the United States for five years, so we are excited! God has given us a great blessing to get this house. We saw many houses, but this is the one that had all we needed. If we did not get the down payment assistance, we could not have gotten this house. Our family is happy all under one roof and we are making the house a home little by little. It means so much to have a secure home for our family.” -GHF client
